Oil Prices Fall 8.7 Percent As Brent Settles At $88.36 Per Barrel

NEW YORK, (Pakistan Point News - 28th Jul, 2026) Oil prices closed at their lowest levels in more than a week on Monday.

Brent crude futures fell by US$8.42, or 8.7 percent, to settle at US$88.36 per barrel, while US West Texas Intermediate crude dropped by US$6.70, or 7.5 percent, to US$82.61 per barrel.